The Fed and Central Banks

[tsptalk]

This isn't something I would write about in my daily commentaries since it is considered controversial, but have any of you looked into the "conspiracy theory", for lack of a better term, of the corruption of central banks, what they do, how the federal income tax started the same year as the current Fed in 1913, and the death spiral that has no other alternate ending except for continued spiraling national and personal debt? We've certainly seen that as the national debt continuing to tick higher every second of every day, and will never go down.

There, I said it. Go.

 

[DreamboatAnnie]

YES! Central banks are corrupt by their nature. The Book recommended by Coolhand on this is very good on how it (doesn't) work for us. It is a huge scam. Read the "The Creature from Jekyll Island"

Link to online copy: https://archive.org/details/TheCreatureFromJekyllIslandByG.EdwardGriffin

Here is a Summary with main points.
https://www.hustleescape.com/book-summary-creature-from-jekyll-island-by-edward-griffin/

The Fed is allowed to create money from NOTHING leading to economic instability, inflation and eventually totalitarianism. Gotta read the summary and book.

 

[Boghie]

Just as the FED started to talk about pulling the easy money out of the system...

Our politicians shoved more easy money into the system.

Do not forget: We voted for this.

The 'Merican dream.

It ain't the FED, it IS the people we vote for. Had we not wanted as much free crap and benefits and goodies we would have been in very good shape. Good lord, all that had to happen to sustain Social Security and Medicare was a return on investment of maybe 3% - but, when you invest in 'roads to nowhere' and 'Woodstock Museums' you end up here.

 

[cmil1212]

It’s all the above. Fed. Dems. Republicans.

I find it curious why no one (journalists) questions the fed. All softballs. They are number one in terms of how we got here.

Even this year they were still buying bonds.

They all sit and say omg. Didn’t see it coming. Bs. Many saw this coming. No mention of 5 trillion in bond purchases. Zero rates til March.

It’s only been a month and they’re caught off guard once again. Remember last month? We’re confident. We won’t repeat mistakes of 70s. Not us. And don’t you worry we won’t consider .75. We’re so sorry we’re doing this.




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[Dipstick1]

YES! Central banks are corrupt by their nature. The Book recommended by Coolhand on this is very good on how it (doesn't) work for us. It is a huge scam. Read the "The Creature from Jekyll Island"

Link to online copy: https://archive.org/details/TheCreatureFromJekyllIslandByG.EdwardGriffin

Here is a Summary with main points.
https://www.hustleescape.com/book-summary-creature-from-jekyll-island-by-edward-griffin/

The Fed is allowed to create money from NOTHING leading to economic instability, inflation and eventually totalitarianism. Gotta read the summary and book.

Griffin is a JBS member